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Credit and Liquidity Programs and the Balance Sheet
- Overview
- Crisis response
- Fed's balance sheet
- Fed financial reports
- Federal Reserve liabilities
- Recent balance sheet trends
Longer-term issues
In response to the financial crisis, the Federal Reserve promoted economic recovery through sharp reductions in its target for the federal funds rate and through purchases of securities. When economic conditions and the outlook for future economic activity and inflation warrant, the Federal Reserve expects to start the process of normalizing the stance of monetary policy and the size and composition of its balance sheet. The timing and pace of policy normalization will be determined so as to promote the Federal Reserve's statutory mandate of maximum employment and price stability.
Related
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Federal Reserve's Exit Strategy
Testimony by Chairman Ben S. Bernanke, February 10, 2010 - FOMC Statement on Policy Normalization Principles and Plans, September 17, 2014
- Minutes of the September 16-17, 2014, FOMC Meeting
On September 17, 2014, the FOMC issued a statement on its policy normalization principles and plans. Additional information is available on this website.
